Photo by Michelle Spollen on Unsplash USD/CAD continues to gain ground as Trump’s potential fiscal policies could delay further rate cuts by the Fed. The commodity-linked CAD struggles as crude Oil prices extend their losing streak. Oil prices decline as proposed tariffs from Trump could dampen demand growth in China. USD/CAD extends its winning streak for the third consecutive […]

Image Source: PixabayAh, in the Bloomberg Terminal days, there was nothing quite like that flashing red headline, instantly lighting up the screen and launching everyone into a trading frenzy. I admit that I do miss the thrill of rushing to hit the buy or sell button when “BREAKING: China Export Growth Jumps to Two-Year High as Tariff […]

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level:Details:Wave 2 is likely to end and price is rising in wave 3.NEO/ U.S. dollar(NEOUSD)Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave […]

Image Source: Pixabay Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated Silver struggles due to a stronger US Dollar and rising Treasury yields. Silver prices (XAG/USD) experiences a third […]

Image Source: PixabayShort Term Elliott Wave View in Nvidia (NVDA) suggests further upside in daily bullish sequence. It is trading in bullish weekly sequence at all time high and expect continuation against August-2024 low. In 4-Hour, it placed (1) at $131.26 high and (2) correction at $100.95 low. Above there, it favors upside in (3) of impulse sequence. It […]